PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	SoDEXPONS-USD	0.5188	+0.0100	pay 0.0013% / 1h	38m 11s	$8K	$1.3M	3x	Long SoDEX
SHORT	Kraken FuturesPF_PONSUSD	0.5188	+0.1256	get 0.0157% / 1h	38m 11s	$49K	$512K	20x	Short Kraken Futures

Price gap+0.001%

Funding gap+0.1156% /8h

Funding trade: +$35 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$217+0.1156% /8h now · paid +2.174% over the last 5 days (all we have)

Price−$1spread +0.001% now, avg +0.008% → −0.007% if it goes back

Costs−$1841.842% of $10k · taker + slippage, in and out

Result+$32+0.32%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.001%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PONS on 32 exchanges

lowest funding first

Before you open

1 ok · 3 to watch

Watch: Thin at this size63.9 / 23.6 bp
At $10k entering SoDEX costs 63.9 bp, fee and slippage, 2.7× Kraken Futures’s.
Note: Margin at max leverage$3,333 + $500
SoDEX 3x, Kraken Futures 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$34.68Long SoDEX: 24 payments, −$3.00; short Kraken Futures: 24 payments, +$37.68.
Note: Gap at its usual level+0.001% vs +0.008%
The price leg adds little either way.
Watch: Long leg is thinner$8K vs $49K OI
SoDEX sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCSoDEX No · Kraken Futures Yes
Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.1355%/8h × 21 periods+$284.56

Price spread+0.001% → +0.008% (7d avg)−$0.73

Slippage, 4 orderslive order books−$166.22

Fee SoDEX bp × 2 orders−$8.00

Fee Kraken Futures bp × 2 orders−$10.00

Net · 7 days · $10k+$99.61

Costs to cover1.842%Break-even4.5 days

Slippage: SoDEX: live order book, 2 min ago; Kraken Futures: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGSoDEX0.9663.9 bp−$64doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTKraken Futures7.6823.6 bp−$24doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

PONS news

posts that mention PONS, from every exchangeSearch all news →

09-29 11:00	gTrade (Gains Network)	Listing	PONS/USD no longer reported ($PONS) seen by our collector
09-29 02:27	Arcus	Listing	$PONS perpetuals are now live on Arcus. Up to 4x leverage. @arcus_xyz on X ↗
09-28 19:23	Arcus	Listing	new market PONS-USD ($PONS) seen by our collector
09-25 11:16	Kraken Futures	Listing	new market PF_PONSUSD ($PONS) seen by our collector
09-22 17:11	Avantis	Listing	new market PONS/USD ($PONS) seen by our collector
09-22 13:03	Bybit	Other	📣 $PONS is officially listed on #BybitSpot with @ponsdotfamily! Pons is a token launchpad on the Robinhood blockchain, where users can pair tokens with Stock Tokens, ETH, USDG, and more. Tokens are launched through a "fair launch" process with a bonding curve. @Bybit_Official on X ↗